Issue of New Shares pursuant to the Offer for Subscription
The Board of Baronsmead Venture Trust plc (the Company ) announced on 17 September 2020 that it had published a Prospectus in conjunction with Baronsmead Second Venture Trust plc in relation to an offer for subscription to each raise up to £20 million (before costs) with an over-allotment facility to each raise up to a further £17.5 million (the Offer ).
The Company has today allotted a further 5,751,377 New Shares at an issue price of 78.80 pence pursuant to the fourth allotment under the Offer. The issue price has been calculated by reference to the Company s latest published net asset value of 78.71 pence per existing share as at 31 January 2021 adjusted to take account of the 3.5 pence per existing share which went ex-dividend on 4 February 2021, divided by 0.955 rounded up to the nearest 0.1 pence in accordance with the pricing formula set out under the terms of the Offer.
Notes
This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any investment in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor.
The issue and the distribution of this announcement and the Prospectus in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to in this announcement and the Prospectus comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
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